Description
The Big Short: Inside the Doomsday Machine by Michael Lewis is a non-fiction book about the build-up of the United States housing bubble during the 2000s and the 2008 financial crisis.
The book tells the stories of several investors who predicted the housing bubble and profited by betting against the mortgage market. These investors, including Michael Burry, Steve Eisman, and Greg Lippmann, are portrayed as outsiders who saw the flaws in the housing market that others ignored.
Lewis uses the book to explain complex financial concepts such as mortgage-backed securities and credit default swaps. He also explores the ethical implications of the financial crisis, and how the actions of a few investors contributed to the collapse of the global economy.
The Big Short was a bestseller and was adapted into a critically acclaimed film in 2015. It is a fascinating and disturbing account of the financial crisis, and it raises important questions about the stability of the global financial system.
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